(Closed) Custom ring negotiations…help

posted 8 years ago in Rings
Post # 3
Member
5423 posts
Bee Keeper
  • Wedding: November 2012

I would do research.  On those “build your own” sites.  I know online can be cheaper but I cant imagine it being THAT big of a difference.  We did the custom route and my setting was less than that.  What is the setting you want?  If it isnt intricate I dont understand how it would cost that much.

Post # 4
Member
7310 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

Well the price of gold does continue to rise, so that may be part of the issue. How many diamonds are in your setting? TCW? Maybe you could make some adjustments there? And it definitely wouldn’t hurt to speak with another custom jeweler and see how much they would charge for the same ring. Comparison can be a good tool.

Post # 5
Member
108 posts
Blushing bee

It’s far easier to go to a jeweler and say “I want something like this for this amount of money” and go from there.  I’d get quotes from other jewelers in the area and/or just go see the guy you’ve already spoken with and say “Ok, your quote is a little high for us.  We’re looking to spend about X amount–how close to that can we get this?  These are the things we will not compromise on so anything else is fair game.”

Be prepared by having a list written out of your priorities, in order if you can.  Check out the price of palladium vs gold–gold is rising a lot and palladium may not be rising as quickly in price.  Are you having a lot of tiny diamonds set in there?  How about reducing the number of them?  Smallthings like that can reduce your price by a lot.

My custom ring is under 2K including the moissanite, but there are no other stones in there.  There is a lot of metal but it’s not gigantic.  There are tons of things to wiggle around on but asking the jeweler is going to be your best bet.

Post # 7
Member
3000 posts
Sugar bee
  • Wedding: July 2012

That seems really high unless you have a ton of diamonds/detail in the setting. My setting is a 14k white gold halo with a split shank. I have 52 small diamonds in the setting with a tcw of 0.71 (this is all the setting, nothing to do with the center stone). My setting cost less than half of what you were quoted and my Fiance bought it just 5 months ago, so the price of gold hasn’t risen that drastically.

When we went in there, I had a “dream setting” in my mind from the Sylvie Collection, but they only sell that designer in one jewelery store within 100 miles of me. I had contacted that store to get a quote, which was $2100 for just the setting. Then when we were at my jeweler custom making my ring, I showed him a pic of the Sylvie ring and said the other jewlery store would sell it to me for $1900 (yes I lied, but this business is about negotiating prices). He said he would custom make my setting for $1600.

ETA: Just saw your last post. Sounds like your setting is very similar to mine! My center stone is a 1.2 cushion, so the size/amount of gold will be similar to mine. I would try to negotiate with your jeweler.

Post # 9
Member
7310 posts
Busy Beekeeper
  • Wedding: October 2011 - Bed & Breakfast

@claireos: I see that you are in Maryland. We got my rings custom made at Zacharys in Severna Park. They were wonderful to work with, and I would definitely recommend them.

Post # 11
Member
6659 posts
Bee Keeper
  • Wedding: May 2010

My advice is to do your research. Go to every jewelry store you can and try on the closest ring to what you are ordering and ask questions. Find out what the price is and why, was it hand made, is it platinum or white gold, what quality are the diamonds and how many of them are there, etc.

I did this for almost 2 years before finally placing my order when I had my e-ring upgraded. Like you, I provided the center stone and had a custom ring hand made with white gold and pave diamonds. I had done so much research at that point that I felt confident I was being charged a fair price.

You can negotiate the price of jewelry but it’s best if you have facts on your side. For example, they tried to charge me an additional $300 after it was made because supposedly it had more diamonds than the sample I had ordered from. I was able to avoid the charge because I came in with my ring, held it up next to the sample and showed the store owner that not only did my ring have LESS diamonds, they were actually SMALLER! AND my ring size is a 3 while the sample was an 8, so mine used a lot less gold.

Post # 13
Member
591 posts
Busy bee
  • Wedding: December 2011

@claireos: My ring is a split shank with modified halo, with a 1.5 cushion cut in the center. It was custom made and the setting wasn’t NEAR that price. I know the jeweler that made mine isn’t close to you, but if you PM me I can send you their website. At the very least, you could use it as a bargaining chip with another jeweler.

Post # 14
Member
2095 posts
Buzzing bee
  • Wedding: September 2011

Actually I know a great jeweler and he worked within our budget. We told him what we were looking for and he created our rings based on that. He is in Bel Air so I do not know where in MD you are. If you are nearby check out John Rinker. If you have any questions feel free to PM me.

Post # 15
Member
15000 posts
Honey Beekeeper
  • Wedding: June 2011

That sounds really high!  I agree to shop around and check out what similar settings cost on line.  Gold prices have actually come back down a bit from a peak and is sitting at about 1660/oz today.  Keep in mind that 14k gold is about 58% pure gold so in terms of a ring which does not use anywhere clsoe to an oz, material cost should be fairly low.  To give you 2 more pricing examples, my wedding band, though a bit more simple than the split shank halo in 18k gold with 0.3 ct diamond was quoted to me at only $685.  I was just shopping with a friend who is having an e-ring made solitaire with .5 ct on the band (non halo) in platinum for $1800.  Both rings were based off a jewelers design so it was not completely custom, but they both did need to be custom made with modifications.

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